Well the acquisition is of cash from a private company
Is like placing shares on the market at 5.5p.
So now the company is cash rich to put the past acquisitons in order.
NEWS...
LONDON (AFX) - Elektron PLC, the AIM-quoted components and power electronics
group, said it bought Inhoco 3013 Ltd in an all-share deal from nine
shareholders including J Kinder and Specialist Holdings Ltd.
The consideration for Inhoco 3013 comprises 9,482,726 Elektron shares issued at 5.5 pence each. Following the share issue, Kinder and Specialist Holdings will hold stakes of 13.86 and 4.23 pct respectively in Elektron.
Inhoco 3013 has an issued share capital of 521,550 stg and cash of 521,550
stg. Elektron said it will use these cash resources for additional working
capital purposes following the Arcolectric acquisition announced on Dec 24.
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